隔夜shibor報1.3770%，上漲1.6個基點；7天shibor報1.4000%，上漲0.9個基點；3個月shibor報1.4300%，與上日持平。點擊查看>>

Hainan provincial government office issued measures to further reform investment and financing. The plan directs coordination of government funds, policy financial tools and commercial bank lending cadence, and urges policy banks and commercial lenders to join major-project planning earlier. It requires setting a balanced mix of government capital, credit and sponsor own funds and seeks to build a full-cycle capital recycling system—“fund efficiency, investment fund structure, credit-based construction, securitized operations.” Projects with strong returns and broad financing access should see reduced or no government funding. The measures also issue operational guidance to expand a “invest first, convert to equity later” model for science-and-technology fiscal funds; fiscal capital may initially finance commercialization projects (eg, biomedicine, deep-sea technology) and convert to equity once firms mature to share risk and returns.

1、滬深兩市8月7日總成交量爲2.67萬億，較上一交易日回升，維持在20日均線（2.44萬億）上方。 2、8月7日衡量A股槓桿水平的融資買入額佔A股流動市值之比回落至8.88%，年內一直圍繞着10%波動，但5月以來波動明顯加劇。 -------- 注：1、兩市成交量反映了各大機構、遊資、廣大散戶對A股看法，高於均線代表總成交量升高，市場情緒偏樂觀，低於均線代表總成交量下降，市場情緒降溫。 2、2015年以來，A股槓桿水平大部分時候維持在6%-10%，槓桿率超過10%意味着市場活躍度較高，可能接近或者處於牛市。達到15%以上意味着市場有過熱風險，需要警惕風險。